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1933 Industries Inc - TGIFF STOCK NEWS

Welcome to our dedicated news page for 1933 Industries (Ticker: TGIFF), a resource for investors and traders seeking the latest updates and insights on 1933 Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 1933 Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 1933 Industries's position in the market.

Rhea-AI Summary
1933 Industries Inc. announces the acquisition of membership interests in Alternative Medicine Association LC by its subsidiary FN Pharmaceuticals. The purchase price is USD$50,000, payable through the issuance of common shares of 1933 Industries. The transaction is subject to regulatory approvals and involves the Company's Executive VP and General Counsel, Caleb Zobrist.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.08%
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Rhea-AI Summary
1933 Industries Inc. reports positive financial growth in Q2 2024, with total revenues of $4.74 million, a 10% increase year-over-year, and a gross profit increase of 543%. The Company's revenue sources include wholesale cannabis sales in Nevada and hemp-derived wellness products. Despite a net loss of $0.7 million, the Company shows improvements in operational efficiencies and cost reductions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.67%
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Rhea-AI Summary
1933 Industries Inc. suspends its Canna Hemp CBD subsidiary due to declining market demand post-COVID. The company evaluates the CBD market viability amidst increased competition, store closures, and regulatory uncertainties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.77%
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News
Rhea-AI Summary
1933 Industries Inc. corrects its news release by stating the number issued of New 10% Senior Unsecured Convertible Debenture as $3,073,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
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Rhea-AI Summary
1933 Industries Inc. issues new 10% Senior Unsecured Convertible Debentures, settling Historical Debentures. The New Debentures are convertible into units at $0.05 per unit, with a two-year maturity. The Company has the option to force conversion if stock price conditions are met. Interest on the New Debentures is 10% per annum, payable in cash or Common Shares at $0.05 per Interest Share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
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Rhea-AI Summary
1933 Industries Inc. (TGIF) reports unaudited interim consolidated financial statements for Q1 2024, with total revenues of $5.5 million, gross margin of $3.9 million, and adjusted EBITDA income of $0.1 million. The company owns 91% of AMA and 100% of Infused MFG LLC, with revenue from wholesale cannabis sales in Nevada and hemp-derived wellness products in the US. The Q1 2024 financial highlights include a 11% increase in revenues, operational improvements, and strong market presence in Nevada. The company also announced the extinguishment of its 10% Senior Unsecured Convertible Debentures Due December 31, 2023, through the issuance of a new 10% unsecured convertible debenture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
31.82%
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Rhea-AI Summary
1933 Industries Inc. (TGIF) announced its fourth quarter (Q4 2023) and audited annual financial results for the year ended July 31, 2023 (Fiscal 2023). The company reported record revenues of $18.3 million for fiscal 2023, a 46% increase from fiscal 2022. However, the company experienced a considerable disruption in its cultivation facility during the 3rd and 4th quarters, resulting in an overall revenue reduction. The company's total revenues increased by 46%, and net loss and adjusted EBITDA were a loss of $14.0 million and $7.6 million, respectively, for fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.34%
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Rhea-AI Summary
1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) announces that Holders of 10% Senior Unsecured Convertible Debentures Due December 31, 2023, approved proposed amendments at an Extraordinary Meeting. The resolution allows for the extinguishment of the Debentures upon maturity through the issuance of a Unit or a new 10% unsecured convertible debenture. The Board of Directors has the discretion to determine the best option. The settlement is expected to occur shortly following the Maturity Date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.89%
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Rhea-AI Summary
1933 Industries completes retrofit of cultivation facility, anticipates revenue growth in Q4. Proposed amendments to debentures to be voted on at Extraordinary Meeting. Rescheduling of cannabis and tax relief expected to benefit industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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1933 Industries Inc

OTC:TGIFF

TGIFF Rankings

TGIFF Stock Data

7.17M
444.95M
8.73%
0.01%
Medicinal and Botanical Manufacturing
Manufacturing
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Canada
Chilliwack